Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1887-03-28

ing expert, has been employed to lay
out the land and place the sewers.
Contracts have also been made for the
construction Of a railroad some three or
four miles long to connect the new town
with the Nashville. Chattanooga & st.
Louis Railroad. which runs into the
city. The new road must be done
within thirty-fiye days from the 18th of
March. A large park has been laid out
and $780, 900 guaranteed for improve
ments in it. Lots are to be given to
any manufacturing concerns that will
locate in this new town. Two fifty-ton
blast furnaces are TO be erected by the
Nashville Iron, Steel g. Charcoal Com
pany, which has a capital OF 800, 900.
Applications have been made for lots
by several other concerns, including the
Ironton Tool & Hoe Company, of Iron
ton, o.; Huntly & Babcock, hoe and
shovel manufacturers, of Utica, n. Y;
the Ironton Wheelbarrow 81 Truck Com
panY; Chicago Rawhide Manufacturing
Company, and the American Wire Hoop
Company of Jackson, Tenn. These
concerns are said to be of the most res
ponsible sort and to represent large
amount of capital. The projectors of
this enterprise say there is every pros
pect of II rapid increase in the number
of applications and that they will have
a big town before many months are
gone. The building of new towns is a
very uncertain branch of business, but
thus far the. enterprise shows no signs
of tagging. 1t is backed by some of
the strongest men in Tennessee. and
there is none of the stock of the land
company for sale. The property bought
by this concern cost about 800 an acre.
1t is said that no land in that vicinity
can now be bought at less than 81 900
an acre. This is truly a wonderful
hA1uSAOA uuablOh W oCSuI WlLulu SlA
months. The land company has not
yet sold any of its property, but after
the railroad is opened and the concern
has something to show, lots will be put
up at auction. 1t is expected that there
will 10 great rush of buyers.
The basis in all these operations is the
iron industry. The charcoal produced
by the Tennessee Company is designed
for the use of the blast furnaces. 1t
seems little peculiar that such an
enterprise should be started in a town
where there are so few signs of iron
deposits, but the Cumberland Valley is
rich in veins of red hematite ore, and
there will be an abundant supply for
the Nashville furnaces for the present.
But for the future dependence is placed
mainly ON vast deposits of ore some
fifty miles west of the city. They are
unavailable now. but the Tennessee
Midland Railroad, for which surveys
are being made, will open them up.
The supply is inexhaustible and the
quality of the best. About the same
distance to the east of the city are
great deposits of coal 1t is natural
for the Nashville people to say that
their city, standing as it does midway
between these treasure houses, will be
the point where the two kinds of ma
terial win be brought together and con-
verted into finished product
1t is predicted that West Nashville
will soon have population of $4,000.
This West Nashville enterprise is the
leading factor in the recent "boom,"
but the causes of the steady growth
which has added 5000 each year to
Nashyille's population, may be found
in the general revival of business
throughout the country, the recovery of
the South from the effects of slavery
and the war and the gradual acculnula-
ton of capital, which demanded new
investments.
liz